New Arctic ambassador will play a ‘key role' in defending sovereignty: Anand
Iqaluit resident Virginia Mearns will be Canada's senior Arctic official on the world stage, following a career with local Inuit governments.
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Cision Canada
an hour ago
- Cision Canada
The Government of Canada launches a call for interest to join the Indian Residential Schools National Monument Steering Committee (First Nations, Métis and Inuit) Français
Indian Residential School Survivors and intergenerational Survivors are invited to join the next cohort of the Steering Committee OTTAWA, ON, TRADITIONAL UNCEDED LAND OF THE ALGONQUIN ANISHINABEG NATION, July 29, 2025 /CNW/ - The Government of Canada, in collaboration with the National Centre for Truth and Reconciliation (NCTR), is launching a public call for interest for membership of the Indian Residential Schools National Monument Steering Committee (First Nations, Métis, and Inuit). Residential School Survivors and intergenerational Survivors who identify as First Nations, Inuit or Métis are encouraged to apply and help lead the next phase of this important project. In response to Call to Action 81 of the Truth and Reconciliation Commission, the Indian Residential Schools National Monument (First Nations, Métis and Inuit) will honour Survivors, their families and communities—and commemorate the children who never returned. The Monument site, located on the unceded traditional territory of the Algonquin Anishinabeg on the West Terrace of Parliament Hill, was selected by the Steering Committee with the permission of the Algonquin Anishinabeg Nation, following a process rooted in collaboration and consensus. The Steering Committee will continue to ensure that the Monument project remains grounded in Indigenous values and perspectives. Committee members will help guide the next phase of the project, including the design selection process, the development of educational and outreach materials, and future on-site programming. Applications will be accepted until September 9, 2025. Interested individuals can visit for more information on applying. Quotes "The Indian Residential Schools National Monument (First Nations, Métis and Inuit) is a response to a profound truth in our shared history, one that calls for remembrance, accountability and healing. Survivors' voices have guided this work from the beginning, bringing their lived experience, knowledge and strength to the next phase. I also want to express my deep gratitude to the outgoing members of the Steering Committee, whose dedication and vision have laid the foundation for this Monument." —The Honourable Steven Guilbeault, Minister of Canadian Identity and Culture and Minister responsible for Official Languages "Survivors and intergenerational Survivors hold the truths that this country must never forget. Their voices are essential in shaping this Monument—not just as a place of remembrance, but as a living testament to strength, resistance and the ongoing journey of healing." —Stephanie Scott, Executive Director, National Centre for Truth and Reconciliation Quick Facts The Indian Residential Schools National Monument Steering Committee (First Nations, Métis and Inuit) was established in 2022 to oversee the Monument project. Members have played an instrumental role over the past two years in establishing the Steering Committee's groundwork. Their efforts in selecting the Monument's site and providing foundational visioning have created a strong basis for its development, ensuring it remains guided by Indigenous values and perspectives at every step. National Centre for Truth and Reconciliation SOURCE Canadian Heritage
Globe and Mail
2 hours ago
- Globe and Mail
Wall Street gains as investors eye US trade talks with China, Fed rate decision and earnings reports
Wall Street chugged mostly higher in premarket trading Tuesday as Chinese and U.S. officials begin a second day of trade talks and the Federal Reserve kicks off its two-day meeting to make a decision on interest rate policy. The meetings come amid one of the busiest weeks of corporate earnings season and a flurry of economic data. Futures for the S&P 500 were up 0.2%, while futures for the Dow Jones Industrial Average edged 0.1% higher. Nasdaq futures rose 0.4% before the bell. Analysts said investors were watching for the latest from President Donald Trump and U.S. trade talks with China in Stockholm. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were meeting in the Swedish capital. 'Aside from addressing economic imbalances, tariffs are also now well entrenched in the geopolitical arena,' Tan Boon Heng of the Asia & Oceania Treasury Department at Mizuho Bank said in a commentary. With regard to the Fed meeting, the widespread expectation on Wall Street is that officials at the U.S. central bank will wait until September to resume cutting interest rates, though a couple of Trump's appointees could dissent in the vote. The Fed has been on hold with interest rates this year since cutting them several times at the end of 2024. Trump has publicly chastised Fed Chair Jerome Powell for not cutting the benchmark lending rate, which Powell says is due to the uncertain ramifications of Trump's trade war, most notably whether those policies will trigger higher inflation. In corporate news, UnitedHealth Group shares slid 4% after the company badly missed Wall Street's second-quarter earnings expectations and disappointed investors with its updated profit forecast. The health care giant said Tuesday that it expects rising medical costs to continue to pressure its performance and forecast adjusted earnings of at least $16 per share in 2025. The company had started 2025 with an initial forecast for adjusted earnings of up to $30 per share. Union Pacific rose 1.2% in premarket after it offered up details on its bid to merge with Norfolk Southern that would create the U.S.'s first transcontinental railroad. Union Pacific is offering $20 billion cash and one share of its stock to buy Norfolk Southern, the companies said Tuesday, adding that the merger would streamline deliveries of all kinds of raw materials and goods. Norfolk Southern shares fell 3%. Novo Nordisk, which makes the weight loss drug Wegovy, plunged 24% in premarket trading after the company cut its sales and operating profit for the year. Also reporting earnings Tuesday are Boeing and Starbucks. Hundreds of U.S. companies are lined up to report how much profit they made during the spring, with nearly a third of the businesses in the S&P 500 index scheduled to deliver updates this week. The government will also be busy this week, releasing three separate sets of data on the labor market, punctuated with the July jobs report on Friday. The first second-quarter GDP estimate come on Wednesday, followed by the Fed's preferred measure of inflation on Thursday. Elsewhere, in Europe at midday, France's CAC 40 jumped 1.3% in early trading, while the German DAX rose 1.1%. Britain's FTSE 100 added 0.5%. Japan's benchmark Nikkei 225 fell 0.8% to 40,674.55 on broad selling of major companies including automakers and big banks. Toyota Motor Corp. dipped 2.3% and Honda Motor Co. fell 2.1%. Sumitomo Mitsui Financial Group finished 1.8% lower, while Mitsubishi UFJ Financial Group stock dipped 1.6%. Hong Kong's Hang Seng dropped 0.2% to 25,524.45, while the Shanghai Composite gained 0.3% to 3,609.71. Australia's S&P/ASX 200 edged 0.1% higher to 8,704.60. South Korea's Kospi gained 0.7% to 3,230.57. Samsung Electronics edged 0.3% higher after jumping nearly 7% on Monday on news that it signed a deal with Tesla to provide computer chips for its electric vehicles. In energy trading, benchmark U.S. crude was unchanged at $66.71 a barrel. Brent crude, the international standard, gained 5 cents to $69.37 a barrel.
Winnipeg Free Press
6 hours ago
- Winnipeg Free Press
Top Chinese, US trade officials huddle in Sweden for second day of thorny talks over tariffs
STOCKHOLM (AP) — Chinese and U.S. trade officials arrived for a second day of meetings in the Swedish capital Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world's two largest economies. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng made no public comments to reporters after the first day of talks that lasted nearly five hours behind closed doors at the Swedish prime minister's office Monday. Before the talks resumed Tuesday, Swedish Prime Minister Ulf Kristersson met with Bessent and U.S. trade representative Jamieson Greer over breakfast. The United States has struck deals over tariffs with some of its key trading partners — including Britain, Japan and the European Union — since President Donald Trump announced 'Liberation Day' tariffs against dozens of countries in April. China remains perhaps the biggest unresolved case. 'The Chinese have been very pragmatic,' Greer said in comments posted on social media by his office late Monday. 'Obviously we've had a lot of tensions over the years. We have tensions now, but the fact that we are regularly meeting with them to address these issues gives us a good footing for these negotiations.' 'Whether there will be a deal or not, I can't say,' Greer added in the clip posted on X from MSNBC's 'Morning Joe'. 'Whether there's room for an extension, I can't say at this point. But the conversations are constructive and they're going in the right direction.' Many analysts expect that the Stockholm talks, at a minimum, will result in an extension of current tariff levels that are far lower than the triple-digit percentage rates as the U.S.-China tariff tiff crescendoed in April, sending world markets into a temporary tailspin. The two sides backed off the brink during bilateral talks in Geneva in May and agreed to a 90-day pause — which is set to end on Aug. 12 — of those sky-high levels. They currently stand at U.S. tariffs of 30% on Chinese goods, and China's 10% tariff on U.S. products. Monday Mornings The latest local business news and a lookahead to the coming week. Other issues on the agenda include access of American businesses to the Chinese market; Chinese investment in the U.S.; components of fentanyl made in China that reach U.S. consumers; Chinese purchases of Russian and Iranian oil; and American steps to limit exports of Western technology, like chips that help power artificial intelligence systems. Wendy Cutler, a former U.S. trade negotiator and now vice president at the Asia Society Policy Institute, said that Trump's team would face challenges from 'a large and confident partner that is more than willing to retaliate against U.S. interests.' Rollover of tariff rates 'should be the easy part,' she said, warning that Beijing has learned lessons since the first Trump administration and 'will not buy into a one-sided deal this time around.' On Monday, police have cordoned off a security zone along Stockholm's vast waterfront as rubbernecking tourists and locals sought a glimpse of the top-tier officials through a phalanx of TV news cameras lined up behind metal barriers. Flagpoles at the prime minister's office were festooned with the American and Chinese flags.
